MORE News today
in response to
by
posted on
Oct 28, 2008 03:41AM
The news keeps coming guys. Check out the news on LGDI.NET announcing new joint venture with Legend holding an 80% working interest relating to their D-Tree deposit. Key choice of words in news release we should be listening to are:
Increases the potential resource base
Strong upside for exploration potential
Clearer path to near term commercialization
An early focus at D-Tree will be the identification of high grade mineralization suitable for direct shipment via the Mt Isa railhead.The development of an early direct shipment operation has potential to satisfy immediate customer demand,and generate near term cash flow.
This tells me that when they find high grade deposits that they will begin shipping it immediately. Legend can ship it to IFFCO and IFFCO can process the phosphate further for their use. We might not have to wait to build a plant to start shipping product!!.
Sure looks like the pace is picking up lately. I'm sure management wants to start booking revenue as soon as they can. Things are happening quickly.This should become very fun very soon!!